U.S., China Tensions Raise Risks for Cross-border Businesses in 2023

Escalating tensions between the United States and China have presented operational challenges for cross-border businesses. Geopolitical risk mitigation is crucial for organizations as geopolitical uncertainties continue to impact economic growth and regulatory compliance.

Key Insights:

  • Geopolitical tensions contribute to supply chain disruptions and inflation, affecting economic growth in 2022 and expected to continue in 2023.
  • Heightened regulatory reactions demand extensive due diligence on supply chain entities, increasing compliance burdens for businesses.
  • The U.S. ban on advanced technology exports to China poses operational risks for technology service providers and financial institutions.
  • Recent meetings between U.S. Treasury Secretary and Chinese Vice Premier show signs of efforts to enhance communication and coordinate on macroeconomic issues.
  • Circulating regional alerts proves insufficient; companies require comprehensive understanding and geopolitical advisory expertise to navigate emerging business risks.

Download our comprehensive whitepaper to gain deeper insights into the impact on economic growth, compliance burdens, export bans on advanced technology, and efforts to reduce tensions. Discover how a robust geopolitical risk management function can empower your organization to make informed strategic decisions in this rapidly changing landscape.

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